Article
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Summary
Second downed pilot recovered after US Special Forces raid and firefight inside Iran.
Fire Breaks Out At Kuwait Oil Ministry Complex After Iran Drone Strike
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The Dutch Finance Ministry informed members of Parliament in a letter on Monday about "unauthorized access" to several of its banking systems, including the digital portal for treasury banking.
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US LNG Export Terminals "Running Near Maximum" As MidEast Energy Infra Descends Into Chaos




